Bitcoin (BTC): Novogratz Admits He Was Wrong
The post Bitcoin Novogratz notes this was psychologically and financially damaging to retail investors. The crypto mogul believes that the market will remain choppy and move sideways. The leading cryptocurrency needs to break above $100,000 in order to be able to regain a bullish narrative, but this will be difficult due to call sellers capping the upside. Infrastructure developments Despite price stagnation, there is massive optimism regarding infrastructure. Novogratz has specifically mentioned neo-banks and tokenization. “There’s no bear market in building crypto infrastructure,” he noted. Source:.